ONAM: A GLOBAL CRYPTOCURRENCY EXCHANGE WITH INNOVATIVE FEATURES.

in onam •  6 years ago  (edited)

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INTRODUCTION
Since the advent of the blockchain technology and crypto currency, a lot of projects have been integrated into this disruptive technology with a huge market capitalization. The Adoption of this technology is increasing every day.
However, as more traders and investors are trooping into cryptocurrency and blockchain adoption, there is need for exchanges where these cryptocurrencies can conveniently be exchanged with other crypto currencies and fiat currencies.

Sadly, although there are thousands of cryptocurrency exchanges both decentralize and centralize, there is still a big gap and a huge inconveniencies faced by traders and investors. This is why ONAM (https://onam.io/) (https://onam.io/whitepaper ) Team of developers which comprises of seasoned and professional as well as experienced men and women have put their heads together and come up with an innovative idea of designing a unique platform as a crypto exchange which will have all the features needed to close the gap left by other exchanges thereby making crypto trading a unique and wonderful experience.

WHAT ONAM IS
ONAM is an innovative cryptocurrency exchange which is created to make a difference in the cryptoworld. ONAM exchange is designed with great tools that will encourage safety, security, fast, effective as well as efficient transaction and trading of cryptocurrencies. The platform has been designed to meet the standard set by SEC and other regulatory bodies.
WHAT ARE THE CURRENT CHALLENGES IN CRYPTO EXCHANGES?
(i) LACK OF SCALABILITY: several exchanges flooding the crypto world are designed without giving room for enlargement. We have witnessed that the cryptoworld keeps increasing its market cap every day, and more people are even yet to adopt this disruptive technology. This then implies that by the time more people appreciate and adopt cryptocurrencies, most exchanges will be left behind as they won’t be able to meet up with this massive growth. This is why ONAM (https://onam.io/) (https://onam.io/whitepaper ) is designed with the tendency of withstanding even a huge growth in the crypto world.

(ii). LACK OF ENOUGH SECURITY TO SAFEGUARD THE PLATFORM FROM HACKERS.
In recent time, cyber criminals have turned their focus to the blockchain technology and crypto exchange in particular, and have been stealing investors / trader’s fund with ease. You will agree with me that so much money upto millions of dollars have been lost to these cyber criminals from exchanges due to insufficient security tools. This tends to discourage a lot of investors/ traders from the cryptoworld. But ONAM has come with good news to investors/ traders. Please refer to this link https://onam.io/) (https://onam.io/whitepaper ).

(iii). LACK OF EFFECTIVE CUSTOMER SUPPORTS: there is no doubt that an effective and prompt customer support responses to user’s tickets can boost the confidence of investors, in most exchanges this is a big problem. Its either the supports are very slow to respond to users issues or there are no functional customer support services. ONAM is unique.

(iv). SERIOUS MANIPULATION OF THE MARKET BY WHALES. A lot of Whales (rich investors) make it as a point of duty in manipulating crypto markets. They engage in pump and dump and other measures to manipulate prices of digital currencies, while the ordinary investors / traders who blindly followed them loss their money to the whales and are not able to recover their capitals. I have fallen a victim of pump and dump before, that was because as a beginner, I saw the coin appreciating and without knowing that it was pumped I ignorantly entered and lost more than 85% of my capital. Thanks to ONAM https://onam.io/) (https://onam.io/whitepaper ) for introducing a unique tool that will prevent market manipulations.

(iv) Very low market liquidity: most exchanges have poor liquidity and do not have large trade orders, this cause some big investors to spread their investment to multiple exchanges for trading.

(v) Lack of strict regulations: when there are no strict regulations in the market, it’s difficult for investors / traders to have confidence in such exchanges. An exchange without regulations has the tendency of defrauding their investors at any time. ONAM is different .

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ONAM AS THE SOLUTION

(i). ROOM FOR SCALABILITY: interestingly, ONAM exchange is designed with the intension of accommodating more people in case of mass adoption. The scalable nature of ONAM platform makes it innovative. The matching machine, highly versatile platform with high performing tendencies allows the platform to be able to carry out a massive transaction to the tune of 1 miillion transaction in a second.

(ii). PROVISION OF RIGHT SECURITY MEASURES : unlike other exchanges that claimed to provide security tools to their platform yet neglect it thereby giving room to cyber attacks, ONAM is unique as they have designed features like anti phishing tool, 2FA, machine learning as well as encrypted databases in order to strongly secure the exchange platform.

(iii). PREVENTION OF MARKET MANIPULATIONS: ONAM developing team has designed a feature to monitor trading and prices on the platform. By so doing unusual trading activities which comes as a result of market manipulations can be traced, reported and stopped.

(iv) Improved market liquidity: with the unique features and benefits of ONAM exchange(https://onam.io/) (https://onam.io/whitepaper ), there is a possibility of attracting traders and investors to the platform therefore market liquidity won’t be a problem with ONAM exchange.

(v) EFFECTIVE AND PROMPT CUSTOMER SUPPORT: interestingly, ONAM platform is set to offer round the clock customer support services to their users. Prompt and immediate responses to support ticket are what they have in mine.
(vi) MINIMAL TRANSACTION FEES: with ONAM exchange users pay relatively low fees for transaction. This is one feature that will encourage and attract more users to the platform.

(Vii). User friendly interface: traders especially Novice have been having problems with exchanges that have complicated interface. They find it difficult to trade on it, Good enough, ONAM platform has a very user friendly interface designed to suit both novice and professionals traders.

OTHER DISTINCTIVE FEATURES OF ONAM EXCHANGE

ONAM exchange(https://onam.io/) (https://onam.io/whitepaper )exchange is a unique platform with various innovative features that are built to enhance convenient, effective, efficient, safe, reliable as well as secured trading activities. Those unique features include but not limited to:

  1. AUTOMATIC TRADING: with this features ONAM platform users are able to create their trading bots and carryb out trading depending on their preferred strategy.

  2. TRADE ASSISTANCE: with this feature, users will enjoy the benefits of limited risk considering the provision of trade alerts and signals from the machine learning tool.

  3. MARKET SENTIMENT AND SOCIAL MEDIA TOOL: These tools help traders to analyse the market and make their best decisions.

  4. ADVANCE CHARTING TOOL: the chart tool provided by ONAM will help users to utilize the chart on the platform for their best trading experience.

  5. NEWS AND ANNOUNCEMENT: with ONAM platform, users are kept updated with news and information concerning the exchange and general cryptocurrency news

  6. LIVE CHART SUPPORT: the live chart support provided by ONAM platform helps users to chart with support round the clock on issues bothering them on the platform.

  7. MULTI LANGUAGE UI: with ONAM exchange users do not have the problem of language barrier; this is because the platform is designed to accommodate users from different languages.

TOKEN / ICO DETAILS:

ONAM team has created ONAM token on the Etheruem blockchain will be the key player in the ecosystem. The Token sales begin from 1st Oct and ends on 1st Dec 2018.
Token Name: ONAM
Token type: utility
Token protocol: ERC20
Total supply: 300million ONAM

pleas take a look at more token and ICO details below.

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CONCLUSION
In my opinion, this is one project every cryptocurrency lover or trader should embrace; there is no doubt that the innovative features designed on ONAM exchange (https://onam.io/) (https://onam.io/whitepaper ) platform will promote a mass adoption of the blockchain technology and cryptocurrency in the nearest future.

ROADMAP

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THE TEAM

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ation please use the links below:
Website: https://onam.io/
White paper: https://onam.io/whitepaper
Telegram: https://t.me/onamofficial
Twitter: https://twitter.com/OfficialOnam
Facebook: https://www.facebook.com/onam.official/
Authour’s name; nesbee
Authour;s eth address: 0xc75534DEd4fd4796aa215A96e8E89EC58DfCF78e

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